Will history repeat itself for Shiba Inu long-term holders
Shiba Inu [SHIB] fell to number thirteen in market value according to CoinMarketCap as the meme coin price plunged.
The altcoin, which has recently enjoyed moments of sustained rallies, was trading at $0.0000128 at press time. This price represented a 12.91% decrease from its 24-hour status.
Before the capitulation, SHIB was largely in the greens. Between 14 August and 15 August, SHIB increased from $0.0000126 to hit $0.0000174. Despite some decline, the altcoin was able to sustain a good level at $0.0000148 up until 18 August.
While the reason for this fall might have been related to the Bitcoin [BTC] price decrease, other things occurred.
According to Santiment, both Dogecoin [DOGE] and Shiba Inu [SHIB] have both been the “victims” of profit-taking whales.
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